TORONTO, ONTARIO--Marketwire - August 28, 2012 - Bank of Montreal TSX: BMONYSE: BMO today announced that the Board of Directors declared a quarterly pidend of f0.72 per share on paid-up common shares of Bank of Montreal for the fourth quarter of fiscal year 2012, an increase of f0.02 from the previous quarter.
For the current quarter, the Board of Directors also declared pidends of:
-- f0.33125 a share on paid-up Class B Preferred Shares Series 5;
-- f0.28125 a share on paid-up Class B Preferred Shares Series 13;
-- f0.328125 a share on paid-up Class B Preferred Shares Series 14;
-- f0.3625 a share on paid-up Class B Preferred Shares Series 15;
-- f0.325 a share on paid-up Class B Preferred Shares Series 16;
-- f0.40625 a share on paid-up Class B Preferred Shares Series 18;
-- f0.40625 a share on paid-up Class B Preferred Shares Series 21;
-- f0.3375 a share on paid-up Class B Preferred Shares Series 23; and
-- f0.24375 a share on paid-up Class B Preferred Shares Series 25.
The pidend on the common shares is payable on November 28, 2012, to shareholders of record on November 1, 2012. The pidends on the preferred shares are payable on November 26, 2012, to shareholders of record on November 1, 2012.
The above-mentioned pidends on the common and preferred shares are designated as eligible pidends for the purposes of the Income Tax Act Canada and any similar provincial and territorial legislation.
The bank also changed its target pidend payout range common share pidends as a percentage of net income attributable to shareholders less preferred share pidends to 40%-50%.
Common shareholders may elect to have their cash pidends reinvested in common shares of the bank in accordance with the banks Shareholder Dividend Reinvestment and Share Purchase Plan the Plan. Under the Plan, the Board of Directors determines whether the common shares will be purchased on the secondary market or issued by the bank from treasury. For the pidend payable on November 28, 2012, given the strength of the banks capital position, the common shares purchased under the Plan will be issued from treasury without a discount. Previously, common shares purchased under the Plan were issued at a two per cent discount from the average market price of the common shares as defined in the Plan.
Any registered shareholder who has not enrolled in the Plan and wishes to do so must sign a Reinvestment Enrollment - Participant Declaration Form and return it to the banks transfer agent, Computershare Trust Company of Canada, at:
Computershare Trust Company of Canada 100 University Avenue, 9th Floor Toronto, Ontario M5J 2Y1
Reinvestment Enrollment - Participant Declaration Forms may be obtained from Computershare Trust Company of Canada on its website at www.computershare.combmo, or by calling 1-800-340-5021 from within Canada or the United States or 514-982-7800 from all other countries.
To participate in the Q4 2012 Dividend, Reinvestment Enrollment - Participant Declaration Forms from registered shareholders must be received by Computershare Trust Company of Canada before the close of business on October 29, 2012.
Non-registered shareholders must contact their financial institutions, brokers or other intermediaries for instructions on how to participate in the Plan and should do so well in advance of the above date in order to participate in the Q4 2012 Dividend.
Contacts:For News Media Enquiries:Ralph Marranca, Toronto416 867-3996ralph.marranca@bmo.com
Valerie Doucet, Montreal514 877-8224valerie.doucet@bmo.com
For Investor Relations Enquiries:Sharon Haward-Laird, Toronto416 867-6656sharon.hawardlaird@bmo.com
Michael Chase, Toronto416 867-5452michael.chase@bmo.comInternet: www.bmo.com
